ADM Helps Food Banks Thrive

At American Deposit Management, we know that food banks provide crucial support to members of our communities. That’s why we specialize in helping them optimize cash reserves so they can serve even more people.

Our comprehensive suite of cash management solutions benefits food banks by providing opportunities to earn interest well above the national average while maintaining easy access to cash reserves. We also provide access to unparalleled safety – all while reducing work for your staff.

Improve Returns with Deposit Management

Our modern cash solutions work by harnessing the latest financial technology to spread cash across our proprietary network of banks and credit unions. The 400+ financial institutions in our network need reliable deposits, making them more likely to offer above-average returns. Since 2022, this dynamic has generated 8x more income for businesses than the national average money market account.¹

The additional income earned from cash reserves can add up quickly. For example, a business with $1 million in cash would have generated only $12,491.71 in interest income with the national average money market rate since 2017. With ADM’s modern cash solutions, they would have gained $105,742.46 over the same time frame.¹

With our solutions, your food bank can put cash reserves to work. The additional income you earn can be vital to helping grow your reserves, funding new projects, and helping to offset fluctuations in donations.

Additional Interest Helps Offset Donation Declines

High inflation over the past several years has taken its toll in the nonprofit sector. In fact, The Giving Institute reports that total charitable donations fell by 2.1% in 2023 after adjusting for price increases. This leaves many food banks caught between slowing donations and higher costs for the products they need.

Fortunately, the additional interest earned with ADM can help offset declining donations and the effects of inflation. With fewer of those concerns, your food bank can focus on what you do best – providing necessities for the families who need them most.

Save Time Spent Managing Funds

Our current food bank partners share a common characteristic – they have a limited staff. So, we’ve designed our program to help food banks get the benefits of a full team of cash managers without the need to add additional employees.

Our team does the work of cash management, so you don’t have to. This includes monitoring the rates from financial institutions across the country, moving funds to achieve advantageous returns, and assisting with overall cash flow management needs. In turn, all you need to do is fill out a simple application and make a single deposit. We’ll take it from there!

Retain Access to Your Cash When It Is Needed

We also make it simple to access your cash when it is needed. We do this through two unique types of solutions that cater to different needs.

Our liquid accounts are suitable for cash that may be needed at short notice. These accounts provide simple, next-business-day access to cash. All you need to do is submit a withdrawal request using our intuitive online platform and the funds will be deposited in your business checking account.

We also offer longer-term solutions with Certificates of Deposit [CDs]. These accounts can allow you to capture even higher returns for funds that are needed in the future or according to a set schedule.

Our experienced team can help you determine which of these solutions is right for you. We can even help you create a custom cash management plan that is tailored to the specific needs of your food bank.

The Ultimate Safety for Your Cash

Our solutions do more than help you achieve competitive rates of return and simple access to cash. They also help keep your company’s cash safe from bank failure.

The most robust protection available for cash reserves is insurance through the Federal Deposit Insurance Corporation [FDIC] or credit union equivalent National Credit Union Administration [NCUA]. These government agencies guarantee that deposits at member financial institutions are safe from bank failure – up to the $250,000 limit.

Because our solutions spread cash across financial institutions, you can take advantage of combined coverage. This means every penny of your company’s cash is covered by government insurance – even those funds above the traditional limit.

With our solutions, you can have it all – returns, simplicity, accessibility, and the ultimate safety. Best of all, you have our experienced team supporting your cash management needs.

Get Started with Modern Cash Solutions From ADM

At American Deposit Management [ADM] we help food banks simplify cash management. We do this through modern cash solutions that provide access to full government protection plus nationally competitive interest rates.

To learn more about our services and get started, contact us today.

¹ADM vs. FDIC Money Market National Average. Since 2022. Rates taken from the FDIC’s monthly publication of Money Market National Deposit Rates from 2017 through 7/1/2024. ADM Cumulative Interest is calculated using the 30/365 convention with an original investment of $1,000,000.00 and compounded over the number of months in the comparison period. Net rates are actual delivered rates of a sample client account during the comparison period.

BACK